2017 EGP to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 EGP to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the EGP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 6.6586. Conversely, the yearly low was recorded on December 31, dropping to 5.1881.
This high-to-low spread represents a total annual volatility of 1.4705 CVE. From a start-to-finish perspective, comparing the January average rate of 5.5814 to the December average rate of 5.2458, the exchange rate registered a net change of -6.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.6586 was down 49.16% compared to the 2016 peak of 13.0975, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
EGP to CVE Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 5.7174, compared to 5.2998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4176 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was February, with a trading range of 1.1971 CVE (High: 6.6586 / Low: 5.4615). On the other end, August was the most stable month, with a tight range of 0.0855 CVE (High: 5.2969 / Low: 5.2115).
Growth Streaks & Declines
TrendsBetween September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2713 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2017: 6.1510) against the same month in 2016 (average: 12.6909), the exchange rate shifted by -6.5399 (-51.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.8284 | 5.4214 | 5.5814 |
| February | 6.6586 | 5.4615 | 6.1510 |
| March | 6.4943 | 5.5805 | 5.8797 |
| April | 5.8059 | 5.6078 | 5.7159 |
| May | 5.6436 | 5.4521 | 5.5338 |
| June | 5.5082 | 5.3376 | 5.4425 |
| July | 5.4613 | 5.2238 | 5.3528 |
| August | 5.2969 | 5.2115 | 5.2721 |
| September | 5.3234 | 5.2045 | 5.2625 |
| October | 5.4075 | 5.2911 | 5.3270 |
| November | 5.4093 | 5.2368 | 5.3385 |
| December | 5.2760 | 5.1881 | 5.2458 |